Experiential Luxury

Having plunged by almost two thirds during 2020 due to COVID-19 restrictions, retail constant value sales of experiential luxury saw no more than a tepid recovery in 2021 before resuming their decline during 2022, with the largest COVID-19 outbreak…

Luxury hotels and hotels in general suffered greatly from the effects of the COVID-19 pandemic in 2020 due to a lack of international tourists and visitors. While revenues bounced back somewhat in 2021 they remained suppressed as travel restrictions…

Despite the context of the persisting pandemic and the uncertainties derived from the war in Ukraine, France is likely to benefit from a massive return of tourists in 2022. This is likely to be an improvement on 2021, which still faced some ongoing…

Having plunged by almost two thirds during 2020 due to COVID-19 restrictions, retail constant value sales (2022 prices) of experiential luxury began to recover in 2021, and this process accelerated in 2022. However, they remained well below their…

Having plunged by more than half during 2020 due to pandemic restrictions, retail constant value sales of experiential luxury in Poland rebounded strongly in 2021, as restrictions were eased somewhat, and this trend continued into 2022 – albeit at a…

Another wave of COVID-19 in 2022 has remained largely stable and under control in India. This is resulting in a notable rise in the number of Indians taking domestic leisure trips, which they had missed out on in 2020 and largely in 2021 due to two…

Prior to the pandemic, there was an increase in demand for personalised and unique accommodation experiences, which led to an emergence of small cabins and unique accommodation spots in secluded areas within Australia. Restrictions and confinements…

Experiential luxury is comprised of luxury hotels in Argentina. After suffering heavy losses in 2020 due to the COVID-19 pandemic the category saw a strong recovery in 2021 as the government began to ease its restrictions in line with the rollout of…

Experiential luxury as a whole was negatively affected by COVID-19 in current value terms in 2020 and 2021. This was due to the reduced flow of people due to states of emergency announced by the government. Luxury foodservice was impacted by…

Domestic travel has seen an almost full return to normal levels in 2022 with local policies allowing hotels resume their operations, so long as the standard health and security measures are observed. Nonetheless, some restrictions on international…

Experiential luxury in China has been suffering from travel restrictions and snap lockdowns advised by the government’s zero-COVID policy in 2022. Although set to maintain solid growth in the year overall, the momentum in the category is expected to…

Experiential luxury, which is accounted for entirely by luxury hotels, is seeing dynamic growth in 2022, after multiple lockdowns and other government COVID-19 measures and travel restrictions severely reduced demand in 2020 and 2021. In early 2022,…

In 2020, experiential luxury was hit extremely hard by the fallout from COVID-19. Experiential luxury in Switzerland depends to a great extent on tourism and the country’s status as an international business destination. The bans on travel put in…

Retail constant value sales of experiential luxury continued to rebound during 2022 but remained well below their pre-pandemic level. This followed two years of restricted operations. There are no more than a dozen luxury hotels in the entire…

Experiential luxury is expected to see robust double-digit current value growth in 2022, thanks to the further easing of the pandemic and the lifting of restrictions in Italy, encouraging domestic consumers to resume their visits to luxury…

After having been especially hard hit by the fallout from the COVID-19 pandemic in 2020, luxury hotels has continued to see dynamic growth in 2022 after a strong recovery in 2021, with this being mostly due to a steady recovery in inbound tourism The…

The restrictions imposed on inbound tourism by the Thai Government in an effort to limit the spread of COVID-19 had a severe negative impact on the travel industry, including hotels. The improved performance expected in 2022, with luxury hotels…

In 2021 home care sales slowed after experiencing above average growth in 2020 due to the onset of COVID-19. Despite the popularity of traditional alternatives and high poverty levels in the country, population growth, retailing development and…

The pause in inbound tourist flows forced experiential luxury brands to intensify their efforts to attract local consumers. In regular years, Brazilian high net worth tourists traditionally only represent half of the visitors to the networks of…

The recovery in retail constant value sales (2022 prices) of experiential luxury, which began in 2021, saw a significant acceleration during 2022. Indeed, retail constant value sales almost recovered to their pre-pandemic peak. The fact that Malaysia…